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3438 McKinley Ave is a value add opportunity locatedin the heart of Los Angeles. This well maintained 8-Unitapartment building is comprised of all oversized (8)2-Bed/1-Bath units with 109% in Rental upside!Stabilizes at a 12.48% cap rate and 5.78 GRM, this assetis ideal for any savvy investor to unlock the incomepotential.Built in 1930, the subject property is an 8 unitapartment spread out over 8,816 Sq. Ft situated on a6,700 Sq. Ft lot, 3438 McKinley is a unique value-addopportunity in an extremely fast growing rental marketof Los Angeles. Priced at $169/Sq. Ft, this building isperfect for any exchange buyer or value add investorto maximize their portfolio.3438 McKinley is located just minutes from USC,Downtown LA, Gilbert Lindsay Park, Exposition Park,Lucas Museum, Art's District, The Reef, BMO Stadium, LALive and billions of dollars worth of developmentpouring into the neighborhood.
Property Type(s):
Residential Income
| Last Updated | 2/18/2025 | Year Built | 1928 |
|---|---|---|---|
| Community | Downtown L.A. | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | Downtown L.A. |
| HEAT | Wall Furnace |
| INTERIOR | All Bedrooms Down, All Bedrooms Up |
| LOT | 6700 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Electric: Standard |
| WATER | Public |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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